President Trump has signed an executive order withdrawing the United States from the Trans-Pacific Partnership (TPP). This presentation will explore the opportunity cost of the president’s decision. The opportunity cost is quantified by using the dynamic computable general equilibrium (CGE) model, GTAP database version 9 and baseline-related data set. The speaker will consider not only tariffs but also NTBs on trade in goods and services and include macroeconomic costs in terms of real GDP, welfare, private consumption, government expenditure, investment, total export and import volumes, trade balance, and terms of trade, as well as micro economic effects on production by sector, value-added by sector, employment by sector, export and import by sector, and trade balance by sector.
